Top EU Diplomat Says Europe's Prosperity Based on Cheap Gas From Russia, Warns of 'Perfect Storm' Leading to 'World Recession'A top diplomat said in the European Union Ambassadors' Annual Conference that the continent has been "decoupled" due to multiple "black swan" events from its sources of prosperity and security, referring to global partners such as Russia, China, and the United States.
"Our prosperity has been based on cheap energy coming from Russia. Russian gas—cheap and supposedly affordable, secure, and stable. It has been proved not [to be] the case," said Josep Borrell, the high representative of the European Union for Foreign and Security Policy, on Oct. 10. He also noted the significant relationship with China, "for technological transfers, for investments, for having cheap goods."...
Source: Top EU Diplomat Says Europe's Prosperity Based on Cheap Gas From Russia, Warns of 'Perfect Storm' Leading to 'World Recession' (https://www.theepochtimes.com/top-eu-diplomat-says-europes-prosperity-based-on-cheap-gas-from-russia-warns-of-perfect-storm-leading-to-world-recession_4789100.html)